Is Springfield Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Springfield Township was a Neutral Market.
Housing Prices in Springfield Township, PA
How much do homes in Springfield Township, PA cost?
Median Sold Price
$440,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Springfield Township was $440,000 in February 2024, up 7.3% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $116K | - | N/A |
2 Bedrooms | $236.7K | $380K | +60.5% |
3 Bedrooms | $383.7K | $435K | +13.4% |
4 Bedrooms | $540K | $515K | -4.6% |
5+ Bedrooms | $697.5K | $632.5K | -9.3% |
Summary: Springfield Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 60.5%, 3 bedroom homes increased by 13.4%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 9.3%.
Median Sold Price Compared To Nearby Cities
Saltlick Township | $273.9K | $318.5K | +16.3% |
Springfield Township | $410K | $440K | +7.3% |
Housing Supply in Springfield Township, PA
How many homes are available in Springfield Township, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
41 | 44 | +7.3% |
Summary: The Springfield Township real estate market had 44 homes for sale in February 2024, a 7.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 21 | 18 | -14.3% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Springfield Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
10 | 10 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Springfield Township in February 2024, the same as the previous month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.
Days on Market for Springfield Township, PA
How long does it take to sell a home in Springfield Township, PA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
8 Days | 31 Days | +268.2% |
Summary: Homes in Springfield Township had an average of 31 days on market in Feb 2024, up by 268.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 10 homes were sold in Springfield Township; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.